Property Overview: 72 Ravenhurst Street, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This 1997-built bi-level home in Canterbury Park presents a practical and affordable entry point into the Winnipeg market. Its key characteristic is a recently renovated basement, adding valuable finished living space to the 921 sqft main floor. The lot size is a manageable 3,468 sqft, typical for the immediate street but smaller than many in the wider neighbourhood and city.
The primary appeal lies in its value proposition. With a historically low assessed value and a recent sale price well below city averages, it stands out as an accessible option. This isn't a sprawling property; its appeal is grounded in functionality and cost-effectiveness. It would suit first-time buyers seeking a solid starter home with some modern updates, or investors looking for a manageable rental property. The home offers a "blank canvas" opportunity—it's not the largest or newest on the block, but its below-average costs free up budget for personalization or as a financial stepping stone. A thoughtful perspective is that while its living space metrics are below area averages, the renovated basement effectively doubles the usable square footage, a factor not fully captured in the main living area stats alone.
Section 2: Frequently Asked Questions
1. Is the home smaller than others in the area?
Yes. With 921 sqft of above-ground living area, it is below the average for both Canterbury Park and Winnipeg overall. However, the inclusion of a renovated basement significantly increases the total usable space.
2. Why is the assessed value so much lower than the city average?
The assessed value is comparative. While it is below average for its street and neighbourhood, it is actually around the middle range citywide. This highlights the relative affordability of the Canterbury Park area compared to some Winnipeg neighbourhoods.
3. What does "bi-level" mean for this property?
A bi-level typically features a main living area on one level, with a staircase leading to a lower level that is partially above ground. Here, that lower level is a renovated basement, creating a distinct split-floor layout that can offer good separation between living and sleeping areas.
4. How does the lot size impact the property?
At 3,468 sqft, the yard is manageable and requires less maintenance than larger lots. It's a standard size for Ravenhurst Street itself, but prospective buyers should know it is smaller than the typical lot in the broader Canterbury Park area.
5. The home sold in 2022; is the price history relevant?
The 2022 sale price provides a recent market benchmark, showing the home transacted at a point even lower than its current assessed value. This history can be useful for understanding the property's price trajectory and the neighbourhood's market dynamics.